How Do Casey’s Shareholder Returns Compare to Its Peers’?

A look at Casey’s stock performance

Casey’s General Stores’ (CASY) stock has shown above-average performance in fiscal 2016. It had risen by 6.7% as of June 2, 2016, after rising by a whopping 35% in fiscal 2015.

The company has outperformed the S&P 500 Index (SPY) so far in fiscal 2016. SPY has risen by 4.1% year-to-date (or YTD). CASY has also outperformed CST Brands (CST) and Sunoco (SUN), which have fallen by 2.6% and 15%, respectively, YTD. However, CASY trails Murphy USA (MUSA), which has risen by 13.3% YTD as of June 2, 2016.

How Do Casey’s Shareholder Returns Compare to Its Peers’?

A look at Casey’s dividend payout

Casey’s is a consistent dividend payer and has paid regular dividends since 1991. Despite the unstable earnings environment, the company has increased its dividend per share by ~58% over the last five fiscal years.

CASY paid 80 cents per share in dividends in fiscal 2015, and it expects to grow its dividend per share by another 10% in fiscal 2016. For the final quarter of fiscal 2016, Casey’s is expected to pay a dividend of $0.22 per share, taking its annualized rate to $0.88 in fiscal 2016. The company’s stock is trading at a forward dividend yield of 10% over the next four quarters.

Casey’s is a dividend aristocrat and is included in the holdings of the ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL). REGL invests in companies that have grown their dividends for at least 15 consecutive years. REGL has around 1.7% of its holdings invested in Casey’s.

Casey’s stock has the highest one-year shareholder returns

Casey’s stock has yielded high returns for its shareholders over the past year due to its healthy share price appreciation and consistent dividend payouts. Total returns on the company’s stock, assuming dividends are reinvested, have been ~42% over the last year as of June 2, 2016. This is higher than most of its convenience store and fuel station peers.

The one-year total returns on the stocks of Sunoco, CST Brands, and Murphy USA stand at -21.3%, -2.9%, and 17.5%, respectively.

Read the next part of the series to know about the company’s earnings forecast and valuations compared to those of its peers.